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<br />Section, 12. Bonds of officers and employees. <br /> <br /> <br />The Board shall have the power to require any officer <br /> <br /> <br />or employee to give any and all bonds for the protection of the <br /> <br /> <br />Association as it may deem necessary or desirable. <br /> <br />ARTICL~ V <br /> <br />Revenues. <br /> <br />Section 1. Raising of revenues. <br />The stockholders for the purpose of raising revenues to <br />meet any and all obligations of the As~ociation are empowered <br />to and shall make all necessary levies or assessments <br />against shares of stock of the Association and / or establish <br />charges for water and other serviees all to the end <br />that there may be sufficient funds available to promptly <br />meet when due any ~d all obligations of the Association as <br />aforesaid, to be done as provided by the laws of Colorado <br />particularly Chapter 80 of the 1927 ,Session Laws and <br />Chapter 76 of the 1929 Session La,vs of Colorado. Provided <br />that in case said stockholders fail to make such assessment <br />the sarr.e may be made b~ the Board of Directors as provided <br />by said laws. <br /> <br />~- <br /> <br />" <br />